Brazil’s services sector was 0.7 percent bigger in July than the month before, in another sign that the country’s economic recession is easing, Reuters reports, citing Brazilian statistics agency IBGE.
The news agency says the expansion reversed a contraction of 0.2 percent in June.
The report says official figures indicate that growth of 0.7 percent in tourism was the main cause of the reversal, offsetting shrinkage of 0.3 percent in transport and mail services.
Reuters quotes economists as saying other signs that the recession is easing are growth in investment in the second quarter, and recoveries in the consumer and business confidence indexes in recent months.
